New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-26


NIT BALANCES.
EIoes. ports. slS7Ss8o6s s624l22Sl fSa4loilo
The amount Of imported merchandise remaining IN
bonded warehouses OF tho end OF January was
Ia decrease for the month OF Sl,2oooOo)' against
S24 965 at the end Of January 1885 and S49oooAfo
nj the end OF January. 1883.
The grafton into the United States In last January
was lO.3O2 persons. against s749 In January. 1856
and 6.o2l In January. 1885. The total immiSra
ton for seven months ended January 81. 1887, was
2O7 092 persons against 1869 for seven months
ended January 81 1886. and 1922 Tor INC seven
months ended January 81. 1888.
The New York Lake Erie and Western Railways re-
port for January IA likely to bc regarded by the super
ncal operator dsconraging because II shows gam
in net earnings over January 1885, OF only $i3s The
gain in gross earnings 81 $l734G6 Is entirely satisfac
tory but the superficial reader Is liable to forget that In
January 1886 the of the working
had nearly reached their maximum whiio the res""
ton road hrstclas railway IL still In HogresS
The operating expenses or last month were SiZo''i
greater ia January 1885, and II we are to Judge by
the facts developed and the word OF the managers
In their last annual report that the extraordinary
expenditures replace the neglect OF previous manage
nens would continue ak niue months longer be-
fore the work restoration would be completed the re-
port for showing increase OF nearly liz per
cent I'm the gross earnings Is highly satisfactory Lcav-
ing out extraordinary expenditure Tor restoration.
there IL little that the gain in net earnings would
~
justification OF this opinion we appeal to what follows
hereafter.
From Of talk the street and from sevcra
comm unications which have received there evidently
is no little scept,sm concerning the alleged extra cx-
penditurcs to restore the railway to hrst-
class property. Several times our atten-
ton has been directed TO the statement
that the operating expenses" in 1886 wore practically
the same they ia 1884, the last year OF tne oo
only $4,000 Al the reports forth TO tho puoic
whoa, detail the general Of the last year OF
the Old management and Of the year ended september
80. 1886. compare as follows:
ssSs, sept ss dSs Inc sS
' and saHcs ls3bso7s 1888 $50 Inc. soSeO
tratnc s5.27o.ss7 seii1sio Ino sss2Oos
On the face Of the ioregons statement the net
ssa or s5o5so is.s than tho gain IN sross eaSnns
But analysis OF the reports OF the two years. 1884
tine s ons Which in 1856 was used
10 conduct traffic much greater than that OF 1884 was
Which may be peruancnt The transportation OF 1883
was II 425 greater passenger mileage than in issA
Ia lsI 695 tons greater general freight mileage ana
$40 1852 tor coal MILEAGE than In 1854 let
the actual e1pen-ee OF handing . "o.,pmeSt
ana structure was 81 lso6ss less than handling the
smaller business Of 1884 Except for mis eeomSmy IN
pended 81 z5s in maintenapcc restoration, OF equip
sn Tho economy IN WORKING fsr
sstoraon hsve neay reached their end inc ,s xss
Of the and The eno OF INC bWo
compared given ~ foowss -
A. woRKIN0 ExPENsES -
|Xssz sSdsa ssyt .. 1854 sHassss p'asrsAes
s::::: s:sss: :::sSs 4: siI
Total sossss Ell 1881 d.e si.iss.sss
MAINTEkAKCK
81 Ssss s IN. me-
Total ~ s4ssas ssoosssi mo q. s9o. sss
Total opsrarg o7s SIC 3ss8Ss Inc sSooeo
TRAFFIC.
mieaea 236 iOeO68 2b0l37 l87 2l.032l29
trt NH 20 iona Olste9 730 $40 500 ino eeS
Coal md r. sl0 z7S 6807S0 mo S50isOsoz
OF todays stock market n little To be said be-
youd the scatemont that II dull and strong nom starr
= Hnish Tho 6ensacta0Rs amounted to only 2oesIoJ